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Articles tagged “blackstone”

Hotels

Hilton Hotels Files For $1.25 Billion IPO

Blackstone will still own majority in Hilton after the IPO, and is still bullish on the sector. It has been trying to take advantage of the up cycle on hotel shares: first Extended Stay IPO, then La Quinta IPO, and now Hilton Hotels.

Hilton Hotels Files For $1.25 Billion IPO

Business Travel

Blackstone Explores Sale or IPO of La Quinta Hotel Chain

This is the latest in a series of efforts by the private-equity firm to profit from the hotel industry's rebound; it is also preparing to sell its HIlton Worldwide chain.

Blackstone Explores Sale or IPO of La Quinta Hotel Chain

Hotels

Is Blackstone’s Extended Stay America IPO a Trial Run for Hilton?

Extended Stay America and Hilton are two totally different kinds of hotel companies, but Extended Stay America's IPO is likely to impact the timing and shape of a potential Hilton IPO. The most interesting thing is that if everything falls into place, it looks like Hilton's long-awaited IPO will finally be on tap for 2014.

Is Blackstone’s Extended Stay America IPO a Trial Run for Hilton?

Hotels

Blackstone’s Extended Stay America Unveils IPO Plans

Blackstone acquired Extended Stay in 2004, improved it, sold it at a big profit in 2007, and then helped reacquire with others in 2009 at a steep discount. Now Blackstone plans to pull in some cash for Extended Stay again; it's just the latest plot twist.

Blackstone’s Extended Stay America Unveils IPO Plans

Hotels

Hilton Worldwide in no rush to go public, CEO says

Analysts tend to overlook the seeming little things at times. It's clear that Hilton Worldwide's headquarters relocation from Beverly Hills to Virginia four years ago was a game-changer for the company.

Business Travel

Hotel giant Blackstone plots a future for Hilton — with billions in backup

Blackstone is a very savvy, metrics-oriented hotel investor, and with $10 billion available to invest in real estate, the world's largest hotel operator is a lodging force to be closely monitored. Despite its public company status, Blackstone is fairly tight-lipped about its strategy, and the industry awaits Blackstone's next chess move.

Hotel giant Blackstone plots a future for Hilton — with billions in backup

Online Travel

Orbitz Worldwide and Travelport get their freedom from Blackstone

Blackstone saddled Travelport and Orbitz Worldwide with tremendous debt, and greatly restricted Orbitz's freedom to maneuver. There have to be some champagne corks popping this weeks as Orbitz has a chance to taste some freedom.

Tourism

SeaWorld spurns bids and prices $540 million IPO

There's still time for Blackstone to accept a buyout bid before SeaWorld hits the public markets. Private-equity backed IPOs are currently in vogue so that has given Blackstone more confidence.

SeaWorld spurns bids and prices $540 million IPO

Airlines

Blackstone and Travelport had a tough year doing business in Iran

Does Blackstone have an ethics policy related to doing business in Iran and other countries with international sanctions? Or is private equity and ethics a contradiction in terms?

Hotels

Renowned Miami Beach Resort said to be switching hands for $117 million

Neither Blackstone nor the prospective buyer will confirm the information, but the sale is in line with the hotel group’s current efforts to restructure its luxury hotels unit out of debt.

Renowned Miami Beach Resort said to be switching hands for $117 million